IBM and Siemens Healthineers have formed a five year, global strategic alliance designed to help hospitals better manage populations of patients, health systems, integrated delivery networks, and other providers that deliver value-based care to patients with complex, chronic and costly conditions such as heart disease and cancer.
Under the alliance, IBM and Siemens will work together to jointly develop and deploy new population health offerings leveraging each company’s expertise and assets, including those added to IBM’s Watson Health portfolio from acquisitions such as Phytel and Explorys.
“The adoption of patient health monitoring (PHM) solutions that demonstrate meaningful use of IT applications is expected to accelerate rapidly. Patient care is moving into a broader but coordinated environment where routine, manual tasks are automated by PHM solutions that unify siloed systems, stratify comorbidities, empower patients through engagement, and benchmark outcomes at network, practice, and patient level,” said Transformational Health Industry Analyst at Frost & Sullivan, Koustav Chatterjee.
“I expect the shift from volume to value-based healthcare delivery will accelerate adoption of PHM technology and service solutions helping providers effectively manage chronic conditions and prevent unnecessary system utilisation,” continued Chatterjee.
The alliance leverages the expertise and global reach of both companies, including Siemens track record introducing technology-driven innovations to a broad range of providers and IBM’s unique cognitive healthcare offerings.
As part of the alliance, Siemens Healthineers will offer PHM solutions and services from IBM Watson Health. These offerings are designed to help meet hospital and healthcare systems’ demands for value-based care analytics and reporting, and patient engagement.
Siemens Healthineers will also provide consulting services to support providers in their transition to value-based care.
For example, Siemens Healthineers has access to IBM Watson Care Manager, a new cognitive solution from IBM designed to help providers and patients to work together to support individual health.
IBM Watson Care Manager integrates disparate types of clinical and individual data and applies cognitive analysis to draw out insights for nurses and other care managers so they can closely monitor and counsel individuals with chronic conditions.
“Combining our strengths, Siemens Healthineers and IBM can effectively help providers transition to a value-based healthcare environment,” said Head of Services at Siemens Healthineers, Matthias Platsch.
“We will bring the power of Siemens Healthineers’ extensive relationships with providers and our deep domain expertise in clinical workflows, services, and digital health technologies to bear to help bring population health management offerings to healthcare providers. The new alliance fits perfectly into the services business of Siemens Healthineers. Thus we will enter the rapidly growing PHM market which is expected to play a significant role in end-to-end value-based healthcare,” continued Platsch.
“We are at an unprecedented time in healthcare. Mature and developing markets are increasingly focused on how patient outcomes are optimised, quality is standardsed among individuals and across populations, and costs are reduced,” said General Manager for IBM Watson Health, Deborah DiSanzo.
“Siemens and IBM are ideal partners to work at the forefront of this evolution and enable personalised healthcare in the US and globally,” concluded DiSanzo.